Company Formation at Dubai Airport Free Zones
Dubai Airport Free Zones (DAFZA) is one of the world’s fastest-growing business destinations. It has emerged as the hub for foreign investors looking to set up their businesses in the Middle East, providing a dynamic ecosystem, state-of-the-art infrastructure, and world-class facilities. In this guide, we will explore the company formation process at Dubai Airport Free Zones, along with the benefits of setting up a company in DAFZA, and the services offered by BizzSetup, a leading business setup consultancy firm in Dubai.
Benefits of Setting Up a Company in DAFZA
Setting up a company in DAFZA offers several advantages, including:
1. Tax Benefits
Companies set up in DAFZA are exempted from paying corporate and personal income taxes, import and export taxes, and customs duties. This makes DAFZA an attractive destination for businesses looking to save on taxes.
2. Strategic Location
DAFZA is located near Dubai International Airport, which is one of the world’s busiest airports, providing easy access to the rest of the world. The strategic location of DAFZA also provides businesses with access to a large consumer market in the Middle East, Africa, and Asia.
3. World-Class Infrastructure
DAFZA offers state-of-the-art infrastructure, including modern office spaces, warehouses, and manufacturing facilities, providing businesses with a conducive environment for growth.
4. Easy Company Formation Process
The company formation process in DAFZA is straightforward and streamlined, making it easy for businesses to set up their operations in the free zone.
Company Formation Process at DAFZA
The company formation process at DAFZA involves the following steps:
1. Choose the Business Activity
The first step in the company formation process is to choose the business activity that you want to engage in. DAFZA allows businesses to engage in a wide range of activities, including trading, manufacturing, and services.
2. Choose the Legal Entity
The next step is to choose the legal entity for your business. DAFZA allows businesses to set up as a free zone establishment (FZE), free zone company (FZCO), or a branch of a foreign company.
3. Reserve a Trade Name
After choosing the legal entity, you need to reserve a trade name for your business. The trade name should be unique and should not conflict with any existing names in DAFZA.
4. Obtain Initial Approval
The next step is to obtain initial approval from DAFZA. You need to submit the required documents, including a business plan, passport copies, and a bank reference letter, among others.
5. Obtain Licenses and Permits
Once you obtain initial approval, you need to obtain the necessary licenses and permits to operate your business in DAFZA. The type of license required depends on the business activity that you choose.
6. Open a Corporate Bank Account
After obtaining the necessary licenses and permits, you need to open a corporate bank account in Dubai. This is a mandatory requirement for all businesses operating in DAFZA.
Services Offered by BizzSetup
BizzSetup is a leading business setup consultancy firm in Dubai, offering a wide range of services, including:
1. Company Formation
BizzSetup provides end-to-end company formation services, including legal entity selection, trade name reservation, document preparation, and license and permit applications.
2. PRO Services
BizzSetup also offers public relations officer (PRO) services, including visa processing, document attestation, and government approvals.
3. Corporate Bank Account Opening
BizzSetup assists businesses in opening corporate bank accounts in Dubai, ensuring that the process is streamlined and hassle-free.
4. Virtual Office Services
BizzSetup offers virtual office services, allowing businesses to have a prestigious business address in Dubai without the need for physical office space.
5. Accounting and Bookkeeping
BizzSetup also provides accounting and bookkeeping services, ensuring that businesses comply with the financial reporting requirements in Dubai.
Setting up a company in Dubai Airport Free Zones offers several advantages, including tax benefits, a strategic location, world-class infrastructure, and an easy company formation process. BizzSetup, a leading business setup consultancy firm in Dubai, offers end-to-end services, ensuring that businesses can set up their operations in DAFZA without any hassle.